November 7, 2017 |
In April 2015, the World Bank set about the task of turning billions of dollars in global development financing into trillions. Since then, the International Finance Corporation (IFC), the World Bank’s private sector division, has moved to create new markets and generate its own fundraising opportunities, rather than sit back and wait for investors to request financing. “I think the IFC is the best positioned of all the [international development finance institutions] to go from billions to trillions,” CEO Philippe Le Houérou tells LatinFinance. “There is no way we are going to meet the sustainable development goals all countries agreed to at the UN if we don’t increase the financing availa
The World Bank’s private sector division has reinforced its commitment to Latin America and the Caribbean with innovative financing products and an upcoming equity fund.